Digging Value: Unloved Uranium Miner Is Cheap

As China and Russia build nuclear plants, uranium miner Cameco should benefit from the increased demand.

After a long slide, the uranium market may finally be ready to heat up.

Prices for the heavy metal were already on the decline in 2011, when the Fukushima disaster in Japan soured that nation, and much of the world, on nuclear power. Germany soon announced plans to shutter all its nuclear plants, and other European nations joined the anti-nuke chorus. Uranium prices have fallen by half since the tsunami.